The announcement from the South Korean computer chip and smartphone giant comes less than a week after Apple Inc. jolted markets with its weak expectations for revenue to end the year, citing flagging sales in China.

Samsung said late Monday that it anticipates a quarterly operating profit of about 10.8 trillion won ($9.6 billion).

Fourth-quarter sales are expected to be approximately 59 trillion won ($52.4 billion), down 10.6 percent from the prior-year period.